COPT Defense PropertiesMEX:CDP 73 ROC (Joel Greenblatt) % is 203.50% as of Mar. 2026, which is 24% above its 10-year median of 164.30. GuruFocus rates MEX:CDP with a GF Score™ of 73/100 and a GF Value™ of MXN404.70. The stock has 12 warning signs investors should review. Among 587 REITs companies, COPT Defense Properties ranks better than 53.49% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. COPT Defense Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 203.50%.
The historical rank and industry rank for COPT Defense Properties's ROC (Joel Greenblatt) % or its related term are showing as below:
MEX:CDP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.62 Med: 164.3 Max: 1118.54
Current: 222.51
During the past 13 years, COPT Defense Properties's highest ROC (Joel Greenblatt) % was 1118.54%. The lowest was -1.62%. And the median was 164.30%.
MEX:CDP's ROC (Joel Greenblatt) % is ranked better than 53.49% of 587
companies
in the REITs industry
Industry Median: 174.41
vs MEX:CDP: 222.51
COPT Defense Properties's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
COPT Defense Properties ROC (Joel Greenblatt) % Related Terms
COPT Defense Properties ROC (Joel Greenblatt) % Historical Data
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The historical data trend for COPT Defense Properties's ROC (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:CDP vs KRC, SLG, CUZ: ROC (Joel Greenblatt) % Comparison
For the REIT - Office subindustry, COPT Defense Properties's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
COPT Defense Properties ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, COPT Defense Properties's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where COPT Defense Properties's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a ROC (Joel Greenblatt) % of 203.50% mean?
COPT Defense Properties (MEX:CDP) has a ROC (Joel Greenblatt) % of 203.50% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on COPT Defense Properties and its competitors. This is 24% above median its historical median of 164.30. According to the industry distribution chart, COPT Defense Properties ranks #273 out of 587 companies in the REITs industry, placing it in the top 46.5%.
Is COPT Defense Properties' ROC (Joel Greenblatt) % too high?
COPT Defense Properties' current ROC (Joel Greenblatt) % of 203.50% is 24% above median its 10-year median of 164.30. The REITs industry median ROC (Joel Greenblatt) % is 174.41. COPT Defense Properties' value of 203.50% is 16.7% above this industry median. Based on the distribution chart, COPT Defense Properties ranks #273 out of 587 companies in the REITs industry, which is above the industry midpoint. Overall, COPT Defense Properties has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does COPT Defense Properties' ROC (Joel Greenblatt) % compare to KRC and SLG?
According to the REITs industry distribution chart, COPT Defense Properties ranks #273 out of 587 companies for ROC (Joel Greenblatt) %. This puts COPT Defense Properties in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 174.41. COPT Defense Properties' value of 203.50% is 16.7% above this benchmark. While the company's 10-year median is 164.30 vs. the industry median of 174.41, COPT Defense Properties has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 174.41, based on 587 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. COPT Defense Properties's current ROC (Joel Greenblatt) % of 203.50% is 16.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on COPT Defense Properties and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 174.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. COPT Defense Properties's current ROC (Joel Greenblatt) % is 203.50%, which is 24% above median its own 10-year median of 164.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is COPT Defense Properties stock overvalued right now?
COPT Defense Properties (MEX:CDP) has a current ROC (Joel Greenblatt) % of 203.50%. The stock's GF Value™ is MXN404.70, compared to a current price of MXN531.56 — trading 31.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 203.50%, which is 24% above median its 10-year median of 164.30 and 16.7% above the REITs industry median of 174.41. COPT Defense Properties' overall GF Score™ is 73/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For COPT Defense Properties (MEX:CDP), the current ROC (Joel Greenblatt) % is 203.50% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is COPT Defense Properties (MEX:CDP) Overvalued in 2026?
Based on GuruFocus' analysis, COPT Defense Properties stock appears to be overvalued.
The current stock price of MXN531.56 is trading 31.3% above its estimated GF Value™ of MXN404.70.
Key valuation signals for MEX:CDP:
ROC (Joel Greenblatt) %: 203.50% (24% above median its 10-year median of 164.30)
GF Value™: MXN404.70 vs. price of MXN531.56 (31.3% above fair value)
Industry Position: 16.7% above the REITs median (#273 of 587)
No single metric tells the full story. See the MEX:CDP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
COPT Defense Properties is a fully-integrated and self-managed real estate investment trust (REIT) focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions. The company has two reportable segments: Defense/IT Portfolio; and Other. Defense/IT Portfolio includes sub-segments such as: Fort George G. Meade and the Baltimore/Washington Corridor (Fort Meade/BW Corridor); Redstone Arsenal in Huntsville, Alabama; Northern Virginia Defense/IT Locations (NoVA Defense/IT); Lackland Air Force Base in San Antonio, Texas; locations serving the U.S. Navy (Navy Support); and data center shells in Northern Virginia.
73GF Score
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